An in-depth study of medieval trade in Europe shows that many major credit-based transactions did not have interest rates. This is why pragmatism and common sense have demanded fair compensation for credit risk and compensation for the opportunity costs of granting credit, without using it for other fertile purposes. To circumvent the usurious laws promulgated by the Church, other forms of reward were created, notably by the widespread form of the commenda partnership, which was very popular with Italian merchant bankers.  Florentine commercial banks were almost certain to get a positive return on their loans, but this would be before taking solvency risks into account. Partnership legislation in Canada is the responsibility of the provinces. A partnership is not a separate corporation and social income is taxed at the rate of the partner receiving the income. It can be considered present regardless of the intention of the partners. The common elements considered by the courts in determining the existence of a partnership are that two or more legal persons: the partners share the benefits and losses. A partnership is in fact a settlement between two or more groups or companies in which profits and losses are distributed in the same way In Bangladesh, the law governing the partnership is the Partnership Act 1932.
 A partnership is defined as the relationship between people who have agreed to share the benefits of a company that is all or those of them. that works for everyone.  The law does not require a written partnership agreement between partners to form a partnership.  There is no need to register a partnership, but an unregant partnership has a number of restrictions on the application of its rights in court.  A partnership in Bangladesh is considered a separate legal personality (i.e. separated from its owners) only when the partnership is registered. There must be at least 2 partners and a maximum of 20 partners.  In some partnerships of individuals, such as law firms and audit firms, participation partners are distinguished from employees (or contractual or income partners). The degree of control exercised by any type of partner over the partnership depends on the partnership agreement concerned.  5) Oral or written conventions.